For sale

Price increase: $22.6K (5/8)

$162,500

708 Bank St, Ishpeming, MI 49849

4beds

1,711sqft

Est.:

Multi Family

Built in 1890

-- sqft lot

$136,600 Zestimate^®

$95/sqft

$-- HOA

What's special

Plumbing updatedNewer metal roofNewer vinyl windows

Affordable income-producing property in the city of Ishpeming with solid rental history! All separate utlitles means the landlord gets the cash flow. Recent updates include newer 100 amp electrical in each unit, newer metal roof, newer vinyl windows, new flooring in the lower unit, plumbing updated, new forced air furnace for both units. Lower unit could use a kitchen refresh so there is some sweat-equity potential here as well!

12 hours

212

7

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Entry, Bedroom, Living Room

Bedroom 1

Features: No

Heating

Forced Air

Cooling

Ceiling Fan(s)

Appliances

Included: Refrigerator

Features

Basement: Partial,Crawl Space
Has fireplace: No

Interior area

Total structure area: 1,711
Total interior livable area: 1,711 sqft

Property

Parking

Total spaces: 3
Parking features: 3 or More Spaces, Off Street
Garage spaces: 2

Features

Levels: Two
Stories: 2
Fencing: Fenced
Waterfront features: None

Lot

Size: 6,534 Square Feet
Dimensions: 50 x 100
Features: Subdivision, Walk to School

Details

Additional structures: Shed(s)
Parcel number: 525130505400
Zoning: GR-Residential
Zoning description: Multi-Family,Residential
Special conditions: Private,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Basement

Condition

Year built: 1890

Utilities & green energy

Electric: 100 Amp Service
Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: Cleveland Iron Mining Cos 5th Add

Location

Region: Ishpeming

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $121,100
Annual tax amount: $1,593
Date on market: 5/8/2026
Cumulative days on market: 2 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Conventional Blend,VA Loan
Total actual rent: 1550
Road surface type: Paved

Estimated market value

$136,600

Estimated sales range

Not available

$1,148/mo

Price history

Date	Event	Price
5/8/2026	Listed for sale	$162,500+16.2%$95/sqft
Source: MiRealSource #50206943 Report a problem
8/25/2024	Contingent	$139,900$82/sqft
Source: RE/MAX of Michigan #50142966 Report a problem
6/18/2024	Price change	$139,900-3.5%$82/sqft
Source: Upper Peninsula AOR #50142966 Report a problem
6/7/2024	Price change	$145,000-2.7%$85/sqft
Source: Upper Peninsula AOR #50142966 Report a problem
5/23/2024	Listed for sale	$149,000+98.7%$87/sqft
Source: Upper Peninsula AOR #50142966 Report a problem
5/21/2021	Sold	$75,000-11.7%$44/sqft
Source: RE/MAX of Michigan Solds #1124972_49849 Report a problem
3/22/2021	Pending sale	$84,900$50/sqft
Source: RE/MAX of Michigan #1124972 Report a problem
3/11/2021	Price change	$84,900-5.6%$50/sqft
Source: RE/MAX of Michigan #1124972 Report a problem
1/23/2021	Listed for sale	$89,900$53/sqft
Source: RE/MAX 1ST REALTY #1124972 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,593 +30.4%	$60,550 +37.5%
2024	$1,222 +2%	$44,050 -3.9%
2023	$1,198 +0.5%	$45,850 +6.3%
2022	$1,192 +0.5%	$43,150 +6.8%
2021	$1,186 +0.3%	$40,400 +7.6%
2019	$1,183	$37,550 +9.8%
2018	--	$34,200 +28.6%
2017	--	$26,600 +2.3%
2016	--	$26,000
2015	--	$26,000 -6.8%
2014	--	$27,900 +2%
2012	--	$27,350
2011	--	$27,350
2010	--	$27,350